Final up to date 10/18/24
Each on occasion, (and generally every day) I hearken to an amazing podcast, take pleasure in an article, or see a very good video that I wish to share with you.
I like to think about them as my e-links.
Friday’s e-links 10/18/24
At all times fascinated by Russian historical past, I’ve lately targeted on Perestroika in two very alternative ways. In school, we take a look at the three primary financial techniques–custom, command, and the market. Then to know a command financial system, my college students examine Russia. After they contemplate the “perverse incentives” created by central planning, we see how the arrival of McDonald’s quickly modified a little bit of it.
A few of my info got here from the video linked beneath. However then additionally, I like to recommend a really readable e-book by Vladislav M. Zubok that particulars the collapse of the Soviet empire. Distant in time, the rise and fall of Perestroika is one technique to understand up to date Russian conduct. Additionally, it’s simply plain fascinating.
The video has a short Russian language starting however quickly switches to English. Do keep it up. The thrill with the primary McDonald’s conveys all we have to learn about a command financial system.
Exhibiting the impression of “perverse incentives,” this a beautiful cartoon about command financial system quotas:
The put up October 2024 Friday’s e-links: Russia and McDonald’s appeared first on Econlife.
